respect to the acquisition by the Secretary of Defense or his designee of certain housing constructed and insured under section 608 of the National Housing Act. This bill would authorize the Secretary of Defense to acquire any housing financed with mortgages insured under section 608 of the National Housing Act (including adjacent property constructed primarily to provide commercial facilities for the occupants of such housing) completed prior to July 1, 1952, which is situated on or adjacent to a military installation and which was considered as necessary military housing prior to construction. The Secretary of Defense is authorized under existing law to acquire housing insured under title VIII of the National Housing Act (Wherry Act housing) and FHA section 207 rental housing. The Housing Agency defers to the Department of Defense as to the need or desirability for the additional authority contained in S. 2524. The Bureau of the Budget has advised that there is no objection to the presentation of this report from the standpoint of the administration's program. Sincerely yours, ROBERT C. WEAVER, Administrator. ADDITIONAL HHFA MATERIAL SUBMITTED FOR THE RECORD Independent Offices Appropriation Acts limit to amount prescribed in such acts. HOUSING AND HOME FINANCE AGENCY Proposed Housing and Community Development Act of 1964 (H.R. 9751 and S. 2468)-Summary of program authorizations and budgetary impact, fiscal years 1965-68 [Unit factors in whole numbers, dollars in millions] 13.0 20.0 4 Except as shown, new programs would be funded from existing authorization for special assistance functions of FNMA. 'Nonadd items funded from title I grant authorization. Except as shown, new programs would be funded from existing authorization for public facility loans. 7 Totals include only those authorizations, new obligational authority and expenditures which are identifiable in the proposed legislation or in the 1965 budget. Not applicable or not estimated. PHA Low RENT PUBLIC HOUSING PROGRAM Authority: U.S. Housing Act of 1937, as amended. Program financing: The Housing Act of 1961 freed the balance of the $336 million per year for annual contributions originally authorized in the Housing Act of 1949 and estimated to provide approximately 100,000 additional dwelling units. At December 31, 1963, 66,455 dwellings had been placed under annual contributions contracts, and the current budget assumes that the remainder will be placed under contract by June 30, 1964. The Housing and Community Development Act of 1964 now pending before Congress contains $184 million of additional authorization for annual contributions, estimated to provide 35,000 new units per year for each of 4 years to continue the present program, and an average of 25,000 units per year through purchase and rehabilitation and through lease of existing structures. Borrowing authorization for loans is $1.5 billion. Program status: Pipeline: Number of units as of Dec. 31, 1963 Reservations___ Preliminary loan contract.. Total_ Under annual contributions contract: Preconstruction____ Construction_. In management....... Total_--- Units designated for the elderly (included in totals above): Reservations___. Preconstruction__ Construction__ In management_____. Total____ 1 Includes 1.353 units approved for annual contributions contract, |